Utilities Inflation at 23.3%

EghtesadOnline: The average Consumer Price Index for utilities (gas, electricity and water) in the 12-month period ending April 19, which marks the end of the first month of the current Iranian year, increased by 23.3% compared with last year’s corresponding period.

News ID: ۷۸۵۵۰۸

21 May 2020

The CPI stood at 167.1 for the period under review, indicating a 0.2% increase compared with the month before, according to the Statistical Center of Iran.

The group’s CPI index, which has the biggest impact on total inflation rate with a coefficient of 35.5%, registered a year-on-year increase of 20.4%.

The overall average goods and services Consumer Price Index in the 12-month period ending April 19 increased by 32.2% compared with the corresponding period of the year before.

SCI had put the average annual inflation rate for the preceding Iranian month, which ended on March 19, 2020, at 34.8%.

The average annual inflation has been on a downward trend since the middle of last Iranian year (March 2019-20).

The consumer inflation for the month under review (March 20-April 19) registered a year-on-year increase of 19.8% compared with the similar month of the previous Iranian year.

The overall CPI (using the Iranian year to March 2017 as the base year) stood at 204.8, indicating a 2.1% rise compared with the month before.

CPI registered a year-on-year increase of 20.2% for urban areas and 18.1% for rural areas in the month ending April 19.

The overall CPI reached 203.4 for urban households and 212.6 for rural households, indicating a month-on-month increase of 2% and 3.1% for urban and rural areas, respectively.

SCI put the average annual inflation for the month under review for urban and rural areas at 31.9% and 33.9% respectively.

The highest monthly growth in the index among 12 groups of the basket of consumer goods and services purchased by households in the Iranian month ending April 19 was recorded for food and beverage with 5.2%, while the education group registered no month-on-month change.